Bitcoin is volatile for a reason. The path to adopting bitcoin is not a security but instead understanding why it stores value. You will spend 40,000 hours of your life trying to make money. It's worthwhile to spend 100 hours figuring out how to keep it.
https://t.co/VMToEi60zR
Calling STRC and SATA "Digital Credit" is just the tip of the gaslighting spear, but the gaslighters want to focus your energy there, myopically. To make it seem like semantics and to distract you from all the other gaslighting. That's part of the gaslighting itself (look up the definition of gaslighting). But as Brian points out, their semantics don't even work out.
Strive Management: It's digital hybrid equity credit.
Market Commentary: But it's more like equity according to the report you reference, it's perpetual/permanent, no maturity, no contractual interest, no creditor rights that can force BK, prevent subordination or otherwise. Why do you have to gaslight? Could you just stop gaslighting?
Strive Marketing: drop the hybrid equity, it's cleaner. Digital Credit.
The Party told you to reject the evidence of your eyes and ears.
@parkeralewis@IIICapital 💯👍Yep, there are problems at both levels.
The way I see it:
The misclassification is the poisonous tree, and the confusion you’re highlighting is the fruit. So perhaps they’re two faces of the same problem.
Tbh, Parker, I don't think “Digital Credit” is even a thing but a misnomer.
“Credit” refers to debt. This is preferred equity, so it should not be called 'credit'.
The “oh, but you have counterparty credit risk, therefore it’s credit” logic is not sound.
Counterparty risk is not unique to debt.
Therefore, counterparty risk does not make an asset credit.
“Both my daughter and my cat have ears; therefore, my daughter is a cat.”
Gradually, Then Suddenly: A Framework for Understanding Bitcoin as Money is now available as an audiobook read by me personally. @MartyBent's foreword is read by Marty. Published by @saifedean's Saif House. Cover art by @proofofpaint. A fully bitcoin production. No AI. Links👇
The new Proof of Paint https://t.co/WkUVpEronY website and store are now open!
It is my pleasure to welcome you through these virtual doors.
Inside, you will find an updated gallery showcasing my finest Bitcoin artworks, along with a new online shop where you can collect art using Bitcoin, via Zaprite.
The online store debuts with one limited-edition giclée print of my artwork 'Moonlight Cornita'.
In the coming months, more prints will be added to the collection.
Browse, peruse, linger, and enjoy your time at https://t.co/WkUVpEronY
Back after a year of building in silence.
Solved what needed solving, and now I’m on my way to becoming a father for the first time! 🥂
Plus, a new painting, finished just as Bitcoin hits a new all-time high.
Proof of Paint is alive and kicking.
#Bitcoin#ProofOfPaint#Art